BSE:511034

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Jindal Drilling & Industries

Executive Summary

Jindal Drilling & Industries Limited provides drilling services to the oil and gas sector in India.


Snowflake Analysis

Imperfect balance sheet and overvalued.

Share Price & News

How has Jindal Drilling & Industries's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 511034's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-2.9%

511034

5.7%

IN Energy Services

1.1%

IN Market


1 Year Return

-27.6%

511034

-13.8%

IN Energy Services

-6.2%

IN Market

Return vs Industry: 511034 underperformed the Indian Energy Services industry which returned -13.8% over the past year.

Return vs Market: 511034 underperformed the Indian Market which returned -6.2% over the past year.


Shareholder returns

511034IndustryMarket
7 Day-2.9%5.7%1.1%
30 Day-5.6%10.1%7.3%
90 Day38.7%29.1%19.2%
1 Year-27.1%-27.6%-12.6%-13.8%-4.4%-6.2%
3 Year-59.4%-59.9%-38.0%-39.8%-2.3%-6.9%
5 Year-56.8%-57.6%8.3%5.1%22.2%12.9%

Price Volatility Vs. Market

How volatile is Jindal Drilling & Industries's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Jindal Drilling & Industries undervalued compared to its fair value and its price relative to the market?

0.11x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: 511034 (₹70.85) is trading above our estimate of fair value (₹2.04)

Significantly Below Fair Value: 511034 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 511034 is unprofitable, so we can't compare its PE Ratio to the IN Energy Services industry average.

PE vs Market: 511034 is unprofitable, so we can't compare its PE Ratio to the Indian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 511034's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 511034 is good value based on its PB Ratio (0.1x) compared to the IN Energy Services industry average (0.9x).


Next Steps

Future Growth

How is Jindal Drilling & Industries forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

24.1%

Forecasted Energy industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Jindal Drilling & Industries has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Jindal Drilling & Industries performed over the past 5 years?

-50.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 511034 is currently unprofitable.

Growing Profit Margin: 511034 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 511034 is unprofitable, and losses have increased over the past 5 years at a rate of -50.9% per year.

Accelerating Growth: Unable to compare 511034's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 511034 is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (62.3%).


Return on Equity

High ROE: 511034 has a negative Return on Equity (-46.29%), as it is currently unprofitable.


Next Steps

Financial Health

How is Jindal Drilling & Industries's financial position?


Financial Position Analysis

Short Term Liabilities: 511034's short term assets (₹3.1B) exceed its short term liabilities (₹2.3B).

Long Term Liabilities: 511034's short term assets (₹3.1B) do not cover its long term liabilities (₹3.3B).


Debt to Equity History and Analysis

Debt Level: 511034's debt to equity ratio (31.3%) is considered satisfactory.

Reducing Debt: 511034's debt to equity ratio has increased from 24% to 31.3% over the past 5 years.

Debt Coverage: 511034's debt is not well covered by operating cash flow (12.9%).

Interest Coverage: 511034 is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

What is Jindal Drilling & Industries's current dividend yield, its reliability and sustainability?

0.70%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 511034's dividend (0.71%) is higher than the bottom 25% of dividend payers in the Indian market (0.69%).

High Dividend: 511034's dividend (0.71%) is low compared to the top 25% of dividend payers in the Indian market (2.72%).


Stability and Growth of Payments

Stable Dividend: 511034's dividend payments have been volatile in the past 10 years.

Growing Dividend: 511034's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: 511034 is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.2yrs

Average management tenure


CEO

Radhey Gupta (63yo)

2.42yrs

Tenure

₹1,679,000

Compensation

Mr. Radhey Shyam Gupta has been the Chief Executive Officedr of Jindal Drilling & Industries since February 2, 2018. He has over 35 years of Experiance. 


CEO Compensation Analysis

Compensation vs Market: Radhey's total compensation ($USD22.34K) is below average for companies of similar size in the Indian market ($USD48.83K).

Compensation vs Earnings: Radhey's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Radhey Gupta
Chief Executive officer2.42yrs₹1.68m0.000070% 1.5k
Raghav Jindal
MD & Director22.17yrs₹9.67m0.63% 13.1m
Pawan Rustagi
Chief Financial Officer6.17yrs₹2.33mno data
Saurabh Agrawal
Company Secretary & Compliance Officer1.25yrsno datano data
Satish Yadav
Chief Mechanicno datano datano data
F Arockia Raj
Chief Mechanicno datano datano data

2.2yrs

Average Tenure

45.5yo

Average Age

Experienced Management: 511034's management team is considered experienced (2.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Raghav Jindal
MD & Director22.17yrs₹9.67m0.63% 13.1m
Raj Aggarwal
Additional Non-Executive Independent Director0.42yrno datano data
Dharam Jindal
Non-Executive Chairman5.25yrs₹240.00k0.44% 9.1m
Krishna Khandelwal
Independent Non-Executive Director20.33yrs₹250.00kno data
Vijay Kaushik
Independent Non-Executive Director11.33yrs₹250.00kno data
Saroj Bhartia
Independent Non-Executive Director6.17yrs₹210.00kno data

8.8yrs

Average Tenure

67.5yo

Average Age

Experienced Board: 511034's board of directors are considered experienced (8.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Jindal Drilling & Industries Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Jindal Drilling & Industries Limited
  • Ticker: 511034
  • Exchange: BSE
  • Founded: 1983
  • Industry: Oil and Gas Drilling
  • Sector: Energy
  • Market Cap: ₹2.076b
  • Shares outstanding: 28.98m
  • Website: https://www.jindal.com/jdil/index.html

Number of Employees


Location

  • Jindal Drilling & Industries Limited
  • 5 Pusa Road
  • 2nd Floor
  • New Delhi
  • Delhi
  • 110005
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
511034BSE (Mumbai Stock Exchange)YesEquity SharesININRDec 2001
JINDRILLNSEI (National Stock Exchange of India)YesEquity SharesININRDec 2001

Biography

Jindal Drilling & Industries Limited provides drilling services to the oil and gas sector in India. It provides offshore, horizontal and directional drilling, and mud logging services. The company was incorporated in 1983 and is headquartered in New Delhi, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/13 12:39
End of Day Share Price2020/07/13 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.